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Sponsored by the Town of Normal, Illinois

Homeownership for Low & Moderate Income Families

The Illinois Assist Program helps first-time homebuyers reduce their effective mortgage cost through a federal Mortgage Credit Certificate — a direct, yearly federal tax credit.

25%
MCC credit rate on interest paid annually
$2,000
Maximum annual federal tax credit
15
Participating Illinois communities
Federally authorized program
Sponsored by the Town of Normal, IL
15 participating communities
8 approved lenders

Process

Three steps to your credit

Simple to apply — your lender handles the paperwork at closing.

01

Check eligibility

Confirm your income and purchase price fall within program limits for your participating community.

02

Contact a lender

An approved lender applies for your MCC at closing — no extra steps required from you.

03

Claim yearly

Receive a federal tax credit equal to 25% of your mortgage interest each year, up to $2,000.